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CFDs on Gold (US$ / OZ)
Long

GOLD Trendlines

By goaldigger888
Updated
It seems to me that GOLD is unable to break the Daily 200SMA (not shown above) and it's losing it's Bull momentum. It's gonna take a break probably to the recently broken Daily descending trendline which confluent with 61.8% Fibonacci retracement level before continuing the rally.

Note
Correction : *Weekly 200SMA
Note
I'm currently looking at 1199.70 for Potential reversal zone.
Trade active
Hit Daily Descending Trendline and bounce.
FibonacciTrend Lines
goaldigger888

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